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Investor Carl Icahn Dumps Apple Shares Over China Concerns

My feeling regarding lower revenue and profit is Apple has failed to read the global economic environment and kept their margins too high. They need to drop these with the iPhone 7 to keep market share and penetration levels at least stable. Consumers have voted.

You'd be silly to buy a 6s now at the current price. It has to drop for the 7.
 
kas23 said:
I think you're misunderstanding what owning stock in a company means. Owning stock, even just 1 share, is just to make money. There's really no other purpose of it. It's not like when you buy Apple stock the money goes into Johnny Ive's secret lab so he can innovate more. And, remember, the whole existence of Apple is built on the fact that its purpose is to make money for its investors, just like Carl Icahn.
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Ban him? Why?
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This guy is as evil as it gets. He buys enough shares to have an influence and makes a quick buck in expense of the companies future. He probably talked Tim into buying back extra 50 billion dollars worth a shares or more. So he could make his 2 billion and peace out. Thank guys like him for 16gb iPhones, 5400rpm iMac, etc...
 
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Sorry if this has already been said (probably has), but...

Wow, seriously, he dumped the stock months ago, and now the day after the quarterly earnings report he does an interview about it?

Buy low, sell high, he's done that to a 'T' - now he is putting this out there to drive APPL lower and then he'll buy in again, make a billion more or so...he literally could make $100's of millions from that one interview...
 
nooaah said:
Great idea but what about the supply chain?
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That's what Tim Cook did he moved manufacturing to China in the first place. The scale is much larger it would have to be gradual. In my opinion having all the manufacturing there could be disastrous for Apple if there was a civil war or attack on China by someone else.
 
Americans do not seem to understand that although it seems acceptable your government spying on USA's citizens, when your government spy on citizens of other countries people are not happy and their government even least.
That's why Apple is losing China, the Chinese government banished windows 8, Microsoft made a custom Windows 10 to they without the "Skynet" feature. N' it's not just China, Russia don't wanna any American piece of software! German and other coutries banned Windows 8 too... Your goverment is ruining your tech companies:
http://www.theregister.co.uk/2015/04/10/us_intel_china_ban/
http://thehackernews.com/2016/04/fbi-hacking-power.html
This is not a game about pop culture influence, it's an intelligence game.
 
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Apple could always initiate Operation Willy Wonka. Pull an Atlas Shrugged maneuver and reemerge with 100% US based manufacturing then reboot with huge pent up demand. But about as likely as me concentrating really, really hard and turning myself into Grumpy Cat. But God, either fantasy would be glorious.
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yaxomoxay said:
That is not the problem. We knew that stocks were going down "but new iPhone and iPads are going to fix it through sales in the long run".
Now we don't have this "hope".
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Perhaps, although there's always the chance this decline is a statistical anomaly, there are some strong indicators that it might be. Unfortunately we don't know as its just a single data point. However even if Apple doesn't continue to grow at the same rate, they are not doomed
yaxomoxay said:
That is not the problem. We knew that stocks were going down "but new iPhone and iPads are going to fix it through sales in the long run".
Now we don't have this "hope".
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We do have that hope though. The iPhone 6 was well above the curve in terms of percentage increase in sales, it was always going to be impossible to beat that, especially in the current international economy. So there is hope that things will return to growth over the next year. There's no guarantees of course but no one else is really doing any better.

Edit: I appear to have replied to you twice, sorry about that.
 
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What about the costs of
macdragonfl said:
Apple should move China manufacturing to U.S. and India, hit them back where it's hurts and maybe they will get the message.
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manufacturing? The prices of iPhones might get crazy if you move those jobs to USA. What about Africa? Growing youth population and very cheap labor.
 
ghost187 said:
This guy is as evil as it gets. He buys enough shares to have an influence and makes a quick buck in expense of the companies future. He probably talked Tim into buying back extra 50 billion dollars worth a shares or more. So he could make his 2 billion and peace out. Thank guys like him for 16gb iPhones, 5400rpm iMac, etc...
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Are you serious?? You can't be

I mean blame someone for investing and want to make money??? (I would be doing the same if I had money after all this is what investors do).
And then blame him for product he did not even see before launch? Do you really thing he has the slightest power on deciding about 16 gb or 5400 rpm drive??

May be it's also his fault I gained weight!
 
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Kaibelf said:
I can't say his stance is wrong. China is being unusually aggressive about trying to stop Western influence. The USSR tried that as well, and it ended up costing them dearly in the end. People will naturally flock to the "forbidden fruit" out there.
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China isn't trying to stop the western influence. China is afraid that its citizens learning about the truth of many history and overthrow the communist party. That is the reason why the communist party is trying to stop google's search, media that says anything bad about the communist, things that promotes independence, democracy, etc. The communist is doing what it can so its citizens earn money and be happy with it so they won't overthrow them.
 
So after reading the headline I thought the concerns would be for Chinese factory workers. But read the article and nope, its concerns over selling/profiting off the Chinese. Cold man.
 
captain cadet said:
Apple's bubble has burst sadly, the lack of innovation is showing - I got an iPhone 6S and there is no ground breaking technology in it as such - Pressure sensitive screen is nice but still I rather it be waterproof or bigger battery. 16 GB is stupidly small also...
I remember having a iPad 3 and it's probably my pinnacle Apple Product. It never Crashed, it was lighting fast (not as slow as its now), it looked good (still does I think) and I used it and loved it!
My Macbook Pro crashes randomly, It feels incomplete in some places in the os (looking at you app store, iTunes, external keyboard, mouse support), but then again I prefer it to my Windows 10 laptop (god that is just awful)
My iPhone works mostly but the batter is no where special on it, the camera could have been better and should have been more waterproofed (like they are more water proof than iPhone 6 but I mean Apple Watch quality). The Samsung Galaxy S6 edges out the iPhone I hate to say and I could have well ended up with a Samsung Galaxy S6.

Apple - "Forward Thinking" and "Think different" seems to fade away
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So a pressure sensitive screen that detects multiple levels of touch isn't innovative but a phone with slightly better battery life is?

And this my friends is why you don't take your advice from consumers...
 
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…..but it’s Ok when what he says and does increases the price of Apple stock?
 
Carl Icahn is a snake and a horrible person who is nothing more than a corporate raider. He cares nothing about anything except money. This is the same fellow who trying to buy Dell in 2013. He is also the person who bought out TWA in 1985 which was a great airlines and sold its assets and lucrative routes for shareholder profit. He has a history of gutting the assets of a company if he has controlling shares as its always about shareholder profit and nothing else.

I say good riddance to this jerk of a human being.
 
Ghost31 said:
So a pressure sensitive screen that detects multiple levels of touch isn't innovative but a phone with slightly better battery life is?

And this my friends is why you don't take your advice from consumers...
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The point is, no-one was asking for the screen tech.
I do not recall 1 person, on prior iPhones, on these forums, saying I wish the screen detected me pressing harder.
When simply a long press can do almost the same effect.
Where I have seen literally 100's and there are tens of thousands every single day thinking "I wish this battery lasted longer"
On my phone, not iPhone I hate charging the battery, every 2 days, and want a week.
I'd be happy even making my phone twice as thick if it lasted a week.
 
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He did sell off his shares "earlier this year." Apple's drop in stock value just started earlier this week so he saw something that others didn't. Smart Man!?
 
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